Northpointe Capital LLC Cuts Stake in Matador Resources Company (MTDR)
Northpointe Capital LLC lowered its position in Matador Resources Company (NYSE:MTDR) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 364,980 shares of the energy company’s stock after selling 10,288 shares during the period. Northpointe Capital LLC’s holdings in Matador Resources were worth $7,800,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. FNY Partners Fund LP raised its position in Matador Resources by 66.7% in the first quarter. FNY Partners Fund LP now owns 5,000 shares of the energy company’s stock worth $118,000 after buying an additional 2,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Matador Resources during the first quarter worth about $120,000. Dubuque Bank & Trust Co. raised its position in Matador Resources by 4.0% in the second quarter. Dubuque Bank & Trust Co. now owns 7,099 shares of the energy company’s stock worth $152,000 after buying an additional 275 shares in the last quarter. Parallel Advisors LLC raised its position in Matador Resources by 10.8% in the first quarter. Parallel Advisors LLC now owns 6,982 shares of the energy company’s stock worth $153,000 after buying an additional 682 shares in the last quarter. Finally, LS Investment Advisors LLC bought a new position in Matador Resources during the second quarter worth about $155,000. 89.02% of the stock is currently owned by hedge funds and other institutional investors.
Matador Resources Company (MTDR) opened at 23.59 on Tuesday. Matador Resources Company has a 12 month low of $19.99 and a 12 month high of $28.51. The firm has a market capitalization of $2.37 billion, a P/E ratio of 12.19 and a beta of 1.20. The company’s 50 day moving average price is $22.80 and its 200 day moving average price is $23.46.
Matador Resources (NYSE:MTDR) last posted its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $112.21 million. Matador Resources had a net margin of 43.04% and a return on equity of 5.45%. The business’s revenue was up 65.1% on a year-over-year basis. During the same period last year, the firm posted ($0.01) earnings per share. Analysts anticipate that Matador Resources Company will post $0.47 EPS for the current year.
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MTDR has been the topic of a number of research reports. BidaskClub raised Matador Resources from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 price target on shares of Matador Resources in a report on Thursday, July 20th. Northland Securities set a $33.00 price target on Matador Resources and gave the stock a “buy” rating in a report on Monday, July 17th. Scotiabank set a $26.00 price target on Matador Resources and gave the stock a “buy” rating in a report on Saturday, July 1st. Finally, BMO Capital Markets set a $23.00 price target on Matador Resources and gave the stock a “buy” rating in a report on Monday, June 26th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Matador Resources has an average rating of “Buy” and an average target price of $28.80.
In other Matador Resources news, Director Julia P. Forrester bought 1,255 shares of Matador Resources stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average cost of $23.96 per share, for a total transaction of $30,069.80. Following the completion of the acquisition, the director now owns 3,399 shares of the company’s stock, valued at approximately $81,440.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David M. Posner bought 4,115 shares of Matador Resources stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average price of $24.10 per share, with a total value of $99,171.50. Following the completion of the acquisition, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $151,203.40. The disclosure for this purchase can be found here. Company insiders own 11.90% of the company’s stock.
About Matador Resources
Matador Resources Company is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. The Company’s segments include exploration and production, and midstream.
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